NEW ORIENTAL EDUCATION & TECHNOLOGY Reports Fourth Quarter Earnings Results for FY2023
August 29, 2023
🌥️Earnings Overview
On July 26, 2023, NEW ORIENTAL EDUCATION & TECHNOLOGY ($NYSE:EDU) reported their fourth quarter financials for the period ending May 31, 2023, with total revenue of USD 860.6 million and a staggering 115.3% year-over-year increase in net income, reaching USD 29.0 million. This marks a 64.2% increase in revenue compared to the same quarter in the previous year.
Market Price
The company’s stock opened at $48.1 and closed at $51.5, representing a 3.3% increase from its prior closing price of $49.9. This was a strong showing for the company, who has experienced a roller coaster of a year with the pandemic affecting the education sector worldwide. NEW ORIENTAL EDUCATION & TECHNOLOGY has been able to use technology to continue offering its courses and programs in spite of the circumstances. They have developed online platforms to facilitate learning and teaching, helping them to continue delivering quality education to students all around the world. This is a testament to their commitment to educational excellence and growth. The company is also working on introducing new products and services to complement their existing ones.
Their focus is on creating innovative solutions to provide even better learning experiences to their customers. With these efforts, NEW ORIENTAL EDUCATION & TECHNOLOGY is confident that they can continue to lead the education industry in the years to come. With the great potential that technology offers in the education sector, they are confident that they will continue to be successful in this field. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for EDU. More…
| Total Revenues | Net Income | Net Margin |
| 3k | 177.34 | 5.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for EDU. More…
| Operations | Investing | Financing |
| 971.01 | -37.41 | -246.87 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for EDU. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 6.39k | 2.58k | 21.21 |
Key Ratios Snapshot
Some of the financial key ratios for EDU are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -5.7% | -21.9% | 6.3% |
| FCF Margin | ROE | ROA |
| 32.4% | 3.2% | 1.9% |
Analysis
We have conducted an analysis of NEW ORIENTAL EDUCATION & TECHNOLOGY’s fundamentals. Our Star Chart indicates that the company is strong in assets, medium in profitability and weak in dividend growth. It has a high health score of 8/10, taking into account its cash flows and debt, meaning it is capable of paying off debt and funding future operations. We classify NEW ORIENTAL EDUCATION & TECHNOLOGY as an ‘elephant’, meaning it is rich in assets after deducting off liabilities. Investors interested in companies such as NEW ORIENTAL EDUCATION & TECHNOLOGY may be attracted to its strong asset base, ability to pay off debt and fund future operations, and its potential for growth in the years to come. They may also be interested in the fact that the company has a medium rating in profitability, suggesting its potential for profitability in the future. Furthermore, investors may be attracted to the potential of dividend growth, given the company’s weak rating in this area. More…
Summary
Investors looking for a good opportunity in the education technology sector may want to consider NEW ORIENTAL EDUCATION & TECHNOLOGY. The company reported strong financial results for the fourth quarter of FY2023, with total revenue increasing 64.2% year-over-year, and net income rising 115.3%. This was reflected in the rise of the stock price on the same day. With the strong performance of the company in its financials, it appears to be an attractive option for investors seeking to capitalize on the potential of the education technology sector.
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